Stocks Tumble Over Trump-China Trade Battle [VIDEO]

CBNC reports:

Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies.

The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the year.

The S&P 500 dropped 0.8 percent, with materials, industrials, energy and tech all falling more than 1 percent. The Nasdaq composite dropped nearly 1 percent.